BREAKING: Cross River Assembly Bans House Agents Over Rent Inflation!
Reported by Marian Opeyemi Fasesan | Sele Media Africa
The Cross River State House of Assembly has announced a statewide ban on housing agents, citing widespread public complaints about artificial rent inflation and exploitative practices.
What We Know:
- The decision followed a heated debate during plenary on Thursday, with lawmakers accusing agents of driving up rental prices in Calabar and other urban centres.
- Affected agencies have been ordered to halt operations pending a regulatory review.
- The Assembly is pushing for direct landlord–tenant transactions to curb manipulation.
Why It Matters:
- Rents in parts of Cross River have surged by over 40% in the past year, according to local reports.
- The move could ease housing pressure but also disrupt real estate operations in the short term.
- Stakeholders are calling for a structured, legal framework rather than an outright ban.
Citations:
- Cross River State Assembly Plenary – Oct. 2025
- Daily Post Nigeria
- Cross River Watch – www.crossriverwatch.com
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